Question 18 Marigold Corpswed 21700 whares of Ivanho Company purchased in 2017 to co on December 15, 2020, Marigold declared a property dividend all of its Ivanhoe Company shares on the basis of one share of Ivanhoe for every entry to record the decision of the dividend would include a delitto Retained rings of 10 shares of Marigold common stock held by its colders. The property dividend was deed on January 15, 2021on the declaration date, the greate market price of the Ivanhoe shares held by Marigold was 899000. The $302250 10 $59675 Question 18 Marigold Corp. cwned 1700 shares of lanhoe Company purchased in 2017 for $5.750. On December 15, 2020, Marigot declared property dividend of all of its vahe Company shares on the basis of one share of those for every 10 shares of Marigold como tock held by its stockholders. The property dividend wantrouted on January 15, 2021. On the declaration date, the pregate market price of the Ivashoe whares held by Marigold was $899500. The entry to record declaration of the dividend w cute de Retained Earnings of 1596750 $6000